The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-10
CORNER STONE LAID.
Consolidation Of the Stock and Pc
troleum Exchanges.
dress, Giving a History OF
the Associations.

NEW YORK, September 9.--Ths
members Of the Consolidated Stock
and Petroleum Exchange yesterday
afternoon laid the corner stone OF
their building 90 Broadway and Ex'
change place. Vice.presidsnt Farris,
Of the building committee, presented
the building to Charles g. Wilson,
president Of the Exchange, and the
Rev. DR.. Joseph II. Rylanoe offered
prayer. America" was sung by the
Glee Club, with band accompsni-
ment, and then President Wilson told
how the association had grown since
twenty five gentlemen met In 1875
and organized mining exchange,
until now 1t had 2403 members. Then
1t YVES time to lower the corner stone
TO Its place, after the trowel had been
handled aud the mortar spread by L.
II. Smith, President Wilson. Frederic
r. Coudert, Judge Lawrence, =. s,
COX, Mayors Whitney, OF Brooklyn,
and Cleveland, of Jersey City; Presi.
dent Miller, Of the Cotton Exchange;
President Wheeler, Of the Bradford
Oil Exchange; Commissioner Osborn,
OF Brooklyn; Mayor Hewitt, Gen.
Maxwell Wood ull, Senator Gorman,
OF Mary land; the officers OF the Ex.
change and others. As the big stone
slowly settled into its place, cheer
after cheer rang out from the crowd.
frederic r. Coudert, the orator oil the
day, told his hearers why the modern
exchange had become necessity.
"Be assured that no opposition that
comes merely from self interest can
harm you. And lest you may feel az
grieved that attacks have been made,
as they will be made in the future
upon your society and upon your.
selves a. it's masters, let me aesum)
the prophetic strain the first time be-
fore l close. Let me tell you THAT,
whatever the differences Ia our edu.
cation, or physique, or tastes, or occu.
pations, we are all, first Of all, human,
and there Is nothing at which our hui
man nature more readily rebels than
an interference with It's occupations,
especially when these possess an ele-
ment Of monopoly. Andthe day may
not be far distant when you, too, will
grow indignant a. the temerity OF
younger rivals, should they dare 10
threaten the ipte rity OF the territory
which you have chosen for yourselves.
Then you may feel that the habit q
levying tribute becomes vested
right, and will lament that the law Ia
so lame and impotent, and marauders
may trespass upon you unwhipped Of
justice. Bot You will have 10 learn
that the law, imperfect es II 10, has
greater objects than the protection OF
your assumed privileges; that the
community, too, has Ito vested rights,
one Of which Is the liberty Of all citi.
zsns TO pursue a lawful calling, by
lawful methods, for lawful purposes.
Let the ref sction make you tolerant
OF hard words and fierce denunciation.
The rival OF today is often the friend
OF tomorrow. Discount the future In
the moral ae you daily do In The fi1sn-
Olhi Noiiut ahu niAti tho t1AohOhlIo
Of today, you will see only friendly
iaces, honest competition, fair field,
and q ceuntry large enough and rich
enough for AL"
In his address, Algernon s. sulli-
van dealt hardly with the many
",rusts" g. at are spIinging into exist
ence. "ihst which | appeal TO you 10
do" he ssid, 'is to set your face and
lift your voice against this dangerous
continuance, and insist that laws ehsll
be pRsetd. II thA' be found the only
way OF tfleotDg il, to vGclts these
trusts, or 10 bring them under fixed
and wholesome regulation"
Mayor Hesitt did not make .
speech, but wrote letter. 81 beg"
be wrote, ito assure your associate I
the Consoli lated Stock aud Petroleum
ExchaDgs ci my profound interest In
all enterprises which ara the out.
growth Of increasing business Of New
York. Each new EIohaDge is the
evidence OF a division Of labor, which
Ia profitable alike 10 lie members and
a gAws ~